The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-06-03
CONDITION OF THE MARKETS
Large Quantities ofWheat Ready to Come
on the Market from the Northwest.
Depression at Chicago Which the Manipula-
tors Are Unable to Relieve-Corn Slight
Iy Lower-Quiet Day in Provisions.
MONEY. BONDS AND STOCKS.

The Bears" Make a Partially Successful
Raid, but the Market Closes Steady.
NEW YORK, June 2 Mooney on call was
easy at a6 per cent, the last loan being made
at per cent. closing offered at per cent.
Prime mercantile paper. 5 06 per cent.
Sterling exchange was dull but steady at
g. s54 for sixty days and g. S6l for demand.
The total sales of stocks to-day were 300, CSC
shares, including the following: Delaware.
Lackawanna G. Western, 15025: Erie. 1895;
Fort Worth 81 Denver, 1O.7ls; Lake Shore.
3,142; Louisville q Nashville. 1910; Northwest
erp, $500; New Jersey Central. s. 900: Northern
Pacific, 3720 Pacific Mail, "a 800; p, ID. g. E.,
4170 Reading, 81. 700; St. Paul, II. 900; Texas
Pacific. 4,430; Union Pacific, 5,S4G; Western
Union, 1880.
The stock market to-day, in the absence of
any special support, and the realzations of
the operators who have grown tired of carrying
their load without any material advance, was
raided by the bears" at every weak point. The
decline was not continuous. but upon the re-
moval of the pressure at different intervals
slight rscoveries were made This gave a fever
ish and unsettled appearance to the market
which was retained to the close. The news of
the day was unimportant but, such it was. it
had a te ndency TO depress values. The bears
also circulated several rumors Of odisqrieting
nature, the more important referring TO the sup
posed future strngency in the money market
and to the sickness of Jay Gould--the latter
bringing forth "a positive denial Pacific Mail
became the special feature, and it's price was de-
pressed per cent. at one time, but Fort Worth
e. Denver, without any special pressure
activity, recorded the heaviest decline for the
DAY. Lackawanna and St Paul also displayed
considerable weakness, but the entire list shared
In the decline. Among the specialties promi
nent for weakness were Peoria, Decatur & Evans
vile. San Francisco preferred, MARSHALL Coal
and Colorado Coal There was an irregular
opening, although the changes from last even
lngs figures were generally for Sigh: fractions
,nly. The market was heavy from the opening
pm a moderate business, and, although there was
\ slight rally in the first hour, Pacific Mail soon
became active and the entire list moved
off in unison. After ~ o'clock, the de-
cline renewed with force, the mar
ket becoming decidedly active, with Pa
eific Mail, Fort Worth g. Denver and Richmond,
e. West Point specially weak. The market
closed rally quiet and steady to firm.
Wheeling 81 Lake Erie stands alone in recording
an advance this evening, it's gain being per
cent. The principal declines comprise Fit
Worth & Denver. 80; Richmond & West Point,
il: Pacific Mail, II; ST. Paul g. Duluth. Man
haitian and Reading. ! per cent each.
Railroad bonds were dull. The sales o-day
were 81, 203. 900. The special feature Next
can Central incomes, the sales of which were
$193 900. Atlantic & Pacific incomes contrib
uted 1923, 000 The market was heavy to weak
throughout the day. Declines, however, are
generally for insignificant fractions only.
Government and State bonds were dull and
steady. Closing quotations were: